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Michael E. Elliott

Partner
Cleveland, OH | D 216.696.2877 | F 216.592.5009
overview

Michael Elliott has represented business clients, institutional trustees, and financial institutions in M&A, corporate finance, commercial law, and general business matters for over 30 years.

Mike’s work as corporate counsel involves matters ranging from counseling management and corporate boards on corporate governance and legal compliance to structuring, negotiating, and documenting complex business and commercial transactions and arrangements, including mergers and acquisitions, strategic alliances, and joint ventures.

Mike also has a specialized range of experience in advising business owners and institutional trustees in transactions involving the use of leveraged ESOPs as a means of transitioning business ownership to employee stock ownership plans. On the commercial finance and commercial law side of his practice, Mike routinely handles commercial loan and capital financing transactions on behalf of both business clients and as outside and local counsel to regional and national institutional lenders, and has significant experience in structuring and negotiating workout arrangements and acquisitions of companies out of bankruptcy. Mike is also involved in the firm’s nonprofit organization practice where he represents various educational institutions and charitable organizations on a wide array of general matters.

Mike is deeply committed to providing clients with the highest quality of legal services at affordable costs, and his by-words are simple—“competency, integrity and service.”

education & admissions

education

  • Case Western Reserve University School of Law (J.D., 1980)
  • Kenyon College (B.A., 1975)

state admissions

  • Ohio, 1980
  • Florida, 1980
experience

Representative Matters

  • Represented a strategic purchaser in the acquisition, development, construction, and financing of a veteran outpatient clinic for $14.6 million
  • Negotiated and documented $250-million Syndicated Senior Unsecured Revolving Credit Facility for financing working capital needs of publicly owned consumer products company
  • Structured and negotiated the acquisition, and related $150-million of layered project financing, for the purchase of coal-related properties and operations of publicly held energy company on behalf of one of the United States’ largest privately held coal producers
  • Structured and negotiated over $150 million of roll-up acquisitions, and related Senior/Mezzanine secured financing facilities, for one of the nation’s largest regional automotive parts distributors
  • Structured and negotiated series of roll-up acquisitions, and related Senior/Mezzanine secured financing facilities, for one of the nation’s largest manufacturers of towing accessories
  • Advised a leading provider of automated pharmacy dispensing equipment in the structuring and sale of its operations to a publicly held pharmaceutical services company for approximately $120 million
  • Structured and negotiated $90-million secured credit facility for financing working capital and capital equipment needs of commercial nursery and nursery products company
  • Negotiated and documented sale of the largest supplier of safety-related fasteners to the U.S. nuclear power industry and Department of Energy to $2.5-billion publicly held diversified manufacturing concern
  • Advised existing stockholders and management in the corporate restructuring of a $500-million annual revenue automotive aftermarket supplier and sale to private equity firm
  • Structured and negotiated $25-million Collateralized Securities-Based Credit Facility for post-ESOP financing of Qualified Replacement Property for majority stockholder of company which was purchased by ESOP
publications & events
honors
affiliations
in the community

Civic & Professional Involvement

  • American Bar Association
  • Cleveland Metropolitan Bar Association
    • Lawyer’s Assistance Committee, Past Chairman
  • Ohio State Bar Association
  • Florida Bar Association
  • Past Presidents Foundation, Trustee
  • Vecchio Foundation, Trustee
  • Gilmour Academy, Trustee
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